Balboa Capital Avis 305

This is for anyone dealing with the illegal collection practices of Balboa Capital. If you have autopay and tell them not to take it because you don't have the funds, it is illegal for them to draw on that account anyway. If you have a stop pay through your bank and they change the draw amount to override it. that is illegal as well. Calling more than once in a 7 day period is illegal Please look up consumer financial protection if you are dealing with these people and know your rights because they have no regard for the law. Report this activity. California has some of the stiffest penalties for their illegal practices

FRAUD, stay away, they use real companies names to get your attention and claim you owe money for a service you never received. These are people who call and email constantly and are very AGGRESSIVE and rude.

RUN AWAY!!! Charge 100% of finance fees up front!! If you pay off on day 2 you pay the Intrest for the life of the loan!! If they make a mistake and steal money, they will NEVER refund your money. There was a mixup in our insurance they charged almost 1,000 per MONTH!!! We corrected it multiple times they kept charging! Absolute scam artists! I trusted the person that tricked me into using them (NEVER AGAIN will I trust him!!) however I pray that word gets out and nobody else gets robbed by balboa capital! PLEASE TELL EVERYONE YOU CAN TO STAY AWAY!!!!! RUN!!

SCAMMERS! Don’t take a loan from them at any rate!! This place reminds me of a pay day loan company! They sucker you into a loan and if you don’t read all the fine print you won’t know that they actually locked you into a loan without any payoff ability. The only way I can get out of this 72-month loan is to pay them the FULL interest payment up front! This should be illegal!! I have an 820 credit score and could have gotten a loan with any reputable bank , but unfortunately I trusted Ritchie Brothers who referred me to this scammer finance company. They also charged me an extra $350 per month for personal Liability insurance, yes, they require liability insurance for a vehicle loan not just insurance to caver the asset, they want insurance for me as a person. Stay away from this company!!!

STAY AWAY From Balboa Capital!!! it's a scam and pathetic how government regulators allow them to do business... if you report them for unfair practices nothing will be done regardless of the fact that there lending practices are shady at best... any review that has anything else than 1 star is most likely their own marketing employees , its revolting to give them even 1 star in order to give a review!!!

Balboa sold a customers vehicle without giving proper notice causing the customer to face an unfair deficiency. Don't do business with these people as they will cause you more harm than good. What are rules for if courts just let big companies break them?

If I could give this company zero stars I would. STAY FAR AWAY FROM DAVID WHITE and BALBOA and seek financing elsewhere. I signed a lease with him and his trainee back in 2019. Something told me that David was shady and we had some negative interactions, but the loan was already too far along to cancel at that point. They set up my equipment lease for quarterly payments, which I didn't know quarterly lease payments even existed. I never asked for quarterly and was not happy when I found out, but again, it was already too late by that time. I even questioned him about it, but he said something along the line that this was their typical practice. Now 6 years later, at the end of my lease I learned the real reason why they did this.

I recently contacted Balboa because, per my records, I had paid 1 extra installment that I thought they had somehow misapplied. I paid "prorated rent" at the start of the lease in the amount of $29,381.95, which I was told amounts to 1 full payment plus some other fees. Back in 2019, I just assumed that is was my first installment because of the timing, but 6 years later I am being told that NONE of the "prorated rent" gets applied towards the loan--it is a completely separate fee--and that the fine print allowed them to charge me a full installment and then some. So basically, I paid an additional $30k for my own machine! David was able to scam me out of 3x more money by writing my lease as quarterly than if it was written as a normal monthly lease.

Even the Sales Manager who helped me look into this matter admitted that I was scammed and he was very apologetic. He said he would never have written a lease like that. He tried to see if he could get me some sort of compensation, but Balboa refused. This David White scammer is still with Balboa today and is still a supervisor.

Zach was very patient and efficient helped the process go smooth.

We have utilized Balboa and had a great experience overall. The application process was very easy and the response was very quick. We worked with Matthew B. and was always accessible and walked us through the process. Our vendor was funded promptly and we had a very competitive rate. We will use this company in the future and have recommended them to our customers as well.

I had an opportunity to work with Mr. Matthew Bramlett for the FF&E loan on the hotel project. He is a true professional who cared for my request and stayed throughout the process from initial call to learn my needs, application, underwriting and final approval. He has good knowledge about the industry and follows up periodically also. I would certainly recommend Balboa Capital and Mr. Bramlett to all my hotel owner friends in need of the capital.
Thank you.

Balboa is a scam company!! They tell you they'll give you a loan at one rate, then send you paperwork with a completely different much higher rate that's not even stated. They will not provide an amortization table or even tell you your principle balance at any given time. I have logged a complaint with California authorities and will also be filing a lawsuite. Stay away from them!!!!

Patrick Kauffman is one of my absolute favorite people to work with. He is always willing to go above and beyond for our customers and us as well. He is always available for any questions or concerns and does everything he can to help a deal run smoothly.

Recently worked with Patrick Kauffman to finance a trailer. He was awesome to work with and stuck with me until the very end. Highly recommend working with him and Balboa Capital

Patrick Kauffman is the best lending person I have worked with in my 25 years in business. Patrick does way above and beyond anyone I've worked with. He goes the extra 5 miles.
This kind of service and commitment has made them #1 in my book of the best lenders in the U.S.

Patrick Kauffman is one of the best representatives that I have ever worked with. He is beyond helpful, personable and goes above and beyond for his clients. I highly recommend worming with Patrick and Balboa with all of your business finance needs.

Hands down great company. Patrick Kauffman is great work with and has been assisting me with a few deals for quite sometime. Highly recommend.

They are the worst finance company ever once you get the financing through them they disappear, and they do not react when you need help I asked for a form over a month ago, which is required to register my vehicle in the state that I live in and they haven't signed it yet or even responded and when I call they don't respond and they put me on hold for long periods of time. If you want a company that you could trust and rely on, this is not the company for you find other financing options because they only look at you as a piece of paper and a number.
As long as they get paid, they don't care that you cannot register the vehicle without the paperwork that they are required to sign for you to register it. They will still get their money, but you will not be able to drive the vehicle that you are paying for.

Totally agree with all of the one star review especially Dr carton. I am sorry, it happened to me too. They charge for insurance and unable to reach them to correct. They way overcharge with high interest a total scam. They pray on medical field.

These people are bottom feeders. Used them to finance a cosmetic machine and all was well for first two years and then the pandemic hit. My office is in Manhattan and was closed for 6 months in 2020. I couldn't make payments and offered to pay them less over a longer time and they refused to negotiate. I continued to pay them 50% EVERY MONTH and they sued me!! And now got a ridiculous judgement for late fees, legal fees etc. All along they refused to listen to reason. What kind of people do this in a pandemic?? Had it not been for the pandemic this would not have happened. In NYC we, the medical workers (I'm a primary care physician) were putting our lives on the line trying to help people during the pandemic. We didn't ask for money, we just did it. But these people don't care. All they care about is money no matter what the extenuating circumstances. Shame on you!!!
Cathy Carron MD

Great people to work with! Great communication and they make the process go smoothly.